Sales are up 3% in the first quarter of fiscal 2015 over the previous year for Scholastic, but the company’s loss per share increased from $0.94 to $1.05.
Although first quarters don’t typically see strong results for the publisher since schools are closed during the majority of it, Scholastic also saw a drop in its Educational Technology segment, which launched a new line of products last year.
CEO Richard Robinson remained confident that Scholastic would achieve its 2015 goals, attributing some of the weaker first-quarter results to severance from restructuring efforts aimed at improving profitability.
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Goodreads Gets an Upgrade (TechCrunch)
The social reading platform gets a makeover, including a newsfeed, search function and updated recommendations section.
Amazon Gets Closer to Delivering Its Own Goods (Wired)
And this time, it doesn’t involve drones. Amazon is beefing up its fulfillment operations in order to ultimately compete with the likes of FedEx and UPS, by creating a network of “sortation centers.”
What Are Book Fairs Good for Anyway? (DBW)
According to one industry insider, book fairs like Frankfurt are still the best places to trade ideas that drive innovation in the digital age. (We can think of another great place to do that, too.)
Ebook Buying Rising in the UK? (The Bookseller)
If the proof hasn’t turned up in the black pudding quite yet, it could soon. New data from Nielsen suggests the number of British consumers who say they intend to buy ebooks online in the next six months has tripled over the past three years. Time will also tell whether Kindle Unlimited’s UK expansion this week will contribute to pushing the needle.
Hachette Consolidates UK Children’s Group (PW)
Hilary Murray Hill will oversee the publisher’s newly unified UK children’s division, which will include four fiction and two educational imprints.
Related: Publishers Launch Kids Explores the Cutting Edge of Children’s Publishing
A Glitchy Week for Apple (PC Mag)
Between a botched iOS 8 update and “Bendgate” marring the newly launched iPhone 6 Plus, it’s been a rough week for the tech company.
Related: How Many New iBooks Customers Will iOS 8 Create?
Flipboard Comes to Windows Phones, Minus Flip (The Verge)
The digital magazine platform book publishers have occasionally experimented with lands on Windows phones, but its titular flipping function is mysteriously absent.
Lee Child’s Take on Taking on Amazon (A Newbie’s Guide to Publishing)
The best-selling author shares his thoughts on the current state of the Hachette-Amazon dispute and lays out his views on what Authors United intends to accomplish and how’s aiming to do it.